CANADA: Gold on Margin

The voluptuous feelingillicit in the U.S.,
agreeable anywherethat comes from possessing a bar of gold is now
available to anyone for a down payment of $34.

Canadian law since 1956 has permitted the private purchase of gold
bullion, and some banks have developed a modest sideline in the
purchase, sale and storage of gold bars for clients. Last week the
Toronto firm of Doherty Roadhouse & Co. advertised a fresh wrinkle:
margin buying. Within an hour after Partner John Rogers opened the
books on the new scheme, $140,000 in orders snowed down on his desk;
inquiries crackled in by the...